GE paid ZERO taxes last year. How many jobs in America did they create last year?

[matmar]

Yet Herman Cain thinks that by making them pay a 9% corporate tax rate they will magically create jobs in America....

[valerief]

1. Aren't they laying off? Do negative jobs count? nt

[sam11111]

2. Tax cuts for the rich KILL jobs. Compare 1945 - '66 (Golden Age of the middle class) against today

(graph is from Wikipedia, on page linked here about 90% of the way down)
Top Tax Rate, Historical Overview
(I note also that the Golden Age had good regulation..thus prosperity..contradicting recent FOX claims that deregulation ups your wages. Deregulation just turns the crooks loose on the middle class)
http://en.m.wikipedia.org/wiki/Income_tax_in_the_United_States


Note also how tax cuts for the rich came just before the Great Depression...hmmmmmmmm

[dflprincess]

3. GE didn't just pay 0 taxes, it got a huge rebate

(like an "earned income credit").

And yet the Republicans think the corporate tax rate is too high.

[piratefish08]

4. and Obama thinks naming the CEO of GE to head his Jobs Focus Panel is a good idea.......

let's be honest - our side's ideas suck too.


http://www.huffingtonpost.com/2011/01/21/obama-picks-jeffrey-immel-ge-jobs-overseas_n_812502.html

[Dragonfli]

8. "Our" ideas only started to suck when "we" decided that Republican policy and appointments were the

way to go.

I blame the Koch funded DLC and their Republican idea based PPI think tank, the Third way (a code word I think for Republicans in (D)rag) and all the Republicans that have infiltrated and taken over our party leadership by claiming to be Democrats (all you have to do is say you are one remember).

The Democratic platform embodies ideas that mostly don't suck, the problem is that the party leadership and at least half if not more of the current nationaly elected Democrats have been pushing and enacting Ideas from the 1992 Republican platform.

The rest is theater (like accepting the spoken word "filibuster" as if it were powerful high magick capable of changing rules of the senate to make 61 the new majority without an actual filibuster even having to be attempted).

Other games include passing the 1993 corporate first Republican health care plan as if it were a new Democratic Idea, pretending that giving the Republicans every thing they want is actually bipartisan compromise, pretending that the rule of law only applies to lesser people and would be insane and partisan to apply to felons in the other party, pretending to be in favor of medical marijuana while your DOJ and IRS attempt to bypass state laws and steal the property of law abiding citizens that have their clinics in order. Pretending to be for a jobs plan but really proposing the defunding of SS and job destroying free trade deals.

Lots of games, lots of Republican Ideology, almost no Democratic legislation or Ideas - the truth is what they are calling Democratic ideas are really just rewarmed Republican ones.


Our ideas don't suck, it is just that both sides are pushing Republican ones while calling half of them Democratic.
Infiltration and control is the real problem, not Democratic Ideas, I really miss those Ideas, we only hear about them at election time.

[Igel]

5. Related link.

http://online.wsj.com/article/SB10001424052970204450804576621191479935336.html?mod=googlenews_wsj

[sam11111]

6. nt

Nt

[sam11111]

7. "Supply Side", Trickle down, Reaganomics, Laffer curve -proven false by comparing Golden Age to

today. (Cain is still peddling "Supply-Side economics").
--------------------
The Golden Age of the middle class was 1945 - 1966.
###########
Use the comparison a lot.
####################

"Supply-side" results --

Fed Revenue lower (inflation-adjusted) today than in 1950.

Wages (inflation adjusted) still below 1972.

Homelessness has exploded from "too few to count" to 1.7 million.

Poverty up 50%.

Safety Net in shreds.

Infrastructure collapsing.

Masive Debt...which they are now trying to blame on grandma's social security and medicare.
-----------------------
Supply Side is a flop.
-----------------------
OTOH,...for more on the Golden Age of the middle class see the graph in my reply near the top of this thread. See "Tax cuts..."